Hunter Technology (TSXV: HOC) (OTCQB: HOILF) (WKN: A2QEYH) (FSE: RWPM), an oil industry service provider developing interactive platforms to enable the facilitation of physical oil transactions, has completed its previously announced acquisition of FinFabrik Limited. As per the acquisition agreement, Hunter acquired 100% of the issued and outstanding shares of FinFabrik in exchange for 12,110,203 common shares of Hunter valued at $0.90 per share along with a cash payment of $250,000; the total value of the transaction was $11,149,182. Hunter shares issued to former Finfabrik shareholders are subject to both statutory hold periods and a contractual hold period of up to one year.
To view the full press release, visit https://ibn.fm/jes9D
About Hunter Technology Corp.
Hunter Technology is an oil industry service provider developing interactive platforms to enable the facilitation of physical oil transactions throughout the trade lifecycle, with more favorable economics for producers and access to a fair market for all. Through www.Oilex.com
, Hunter will operate a physical oil marketplace to facilitate the buying and selling of physical oil by independent producers to corporate consumers, traders and sovereign purchasers. In addition, through www.OilExchange.com
, Hunter will offer robust supply chain management tools that track physical oil throughout the supply chain and automate the reporting process. For more information about the company, visit www.HunterTechnology.com
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